Keybanc Cuts Consolidated Edison (ED) Price Target to $87

Keybanc has reiterated its Underweight rating on Consolidated Edison, reducing the price target to $87, a 22.23% downside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:11 PM EDT

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Keybanc cut its price target on Consolidated Edison, Inc. ($ED) to $87 from $94 on October 13, 2026, and rates the stock "Underweight".

Since the rating, $ED is up 4.1% to date (from the $107.82 close on Oct 13, 2026).

ED Consolidated Edison, Inc.

$112.26 +15.03% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Keybanc reiterated its Underweight rating on Consolidated Edison, lowering the price target from $94 to $87.
Keybanc's $87 price target implies 22.23% downside from Consolidated Edison, Inc.'s ($ED) current $111.87 share price.
As of October 16, 2026, Consolidated Edison shares traded recently around $111.87, which is about 28.6% above the new target.
The company is set to report earnings on November 5, 2026, and has a dividend rate of $3.51 per share.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Consolidated Edison, Inc. alert may contain errors. Disclosures

Keybanc has reiterated its Underweight rating on Consolidated Edison, Inc. (ED), lowering the price target from $94 to $87 on October 13, 2026. This marks a shift in the firm’s outlook as they continue to view the stock as less favorable in the current market environment.

Other Institutional Activity in Consolidated Edison

Several other institutional investors hold significant positions in Consolidated Edison. Blackrock Inc. holds 41,665,829 shares valued at about $4.68 billion, having increased its stake by 2,209,551 shares, a 5.6% rise. State Street Corporation owns 25,094,015 shares worth approximately $2.82 billion, with a slight increase of 213,968 shares, or 0.9%. Vanguard Capital Management LLC maintains 24,085,197 shares valued at around $2.70 billion, having grown its position by 587,444 shares, which is a 2.5% increase. Vanguard Portfolio Management LLC also holds 19,117,849 shares worth about $2.15 billion, increasing its stake by 475,383 shares, a 2.5% rise. Geode Capital Management, LLC has 10,685,732 shares valued at approximately $1.20 billion, having added 363,348 shares, a 3.5% increase.

Consolidated Edison, Inc. Stock Up 1.8%

Consolidated Edison shares are recently trading around $111.87 as of October 16, 2026. This price is about 28.6% above the new price target set by Keybanc. The stock has been performing relatively well, especially as it prepares for its upcoming earnings report.

12-month forecast

$ED price target

Consolidated Edison, Inc. daily closes and this analyst's $87 target. Not advice.

Recent Earnings

For the trailing twelve months, Consolidated Edison reported revenue of approximately $17.69 billion and earnings per share (EPS) of $6.08. The company has shown a revenue growth of 13.2% year-over-year and a net margin of 12.5%. The next earnings report is expected on November 5, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

F 31/100

Reported May 7, 2026

Forward outlook
2 target cuts vs 0 raises.
EPS & revenue
EPS missed estimates by 6.9%. Revenue missed estimates by 5.3%.
Profit surprise
EBITDA met by 0 percent. Operating income beat by 22 percent.
Pre-earnings setup
Bar was low, analysts cautious going in.
Analyst signal
1 downgrade, 2 target cuts.
Earnings quality
Gross margin up 10.1 points. Positive free cash flow.

Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.

Dividend

Consolidated Edison offers a dividend rate of $3.51 per share, which results in a payout ratio of 57.1%. This yield is a key attraction for income-focused investors.

Insider Buying and Selling at Consolidated Edison, Inc.

Insider trading activity has been noted at Consolidated Edison. On February 27, 2026, Director William J. Mulrow sold 7,912 shares at an average price of $112.81, totaling about $892,553. General Counsel Deneen L. Donnley sold 1,922 shares on March 12, 2026, at an average price of $113.94, valued at approximately $218,993. Additionally, Officer Joseph Miller bought shares on March 16, 2026, at an average price of $115.55, with a total value of $109.

Analysts Set New Price Targets

On October 13, 2026, Keybanc maintained its Underweight rating on Consolidated Edison with a new price target of $87, down from $94. The consensus among analysts shows a cautious view on the stock's future performance.

About Consolidated Edison

Consolidated Edison, Inc. operates in the regulated electric, gas, and steam delivery sectors in the U.S. The company serves around 3.7 million customers in New York City and surrounding areas. Its recent price target reduction by Keybanc reflects ongoing market challenges and adjustments in analyst expectations.

Bottom Line

Investors should keep an eye on the upcoming earnings report on November 5, 2026, as well as any further analyst updates that may affect the stock's outlook. Keybanc's recent adjustment in price target indicates a more cautious approach to the stock's potential performance.